Axis Capital Limited

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Northern Arc Capital
Rs. 9,100 Mn

Primary Product

ECM

Secondary Product

IPO

Date

Mar 19
Northern Arc Capital
Rs. 9,100 Mn

Primary Product

ECM

Secondary Product

IPO

Date

Mar 19
IIFL Special Opportunities Fund acquired a large stake by investing across primary and secondary capital. Existing shareholder SCPE (Standard Chartered Private Equity) and Affirma Capital (a newly formed, independent private equity firm to be managed by the team at SCPE) co-invested as part of the trade.
Early investors Dvara Trust, LeapFrog Investments and Accion partially sold their stake in the company but will however continue to stay significantly invested.

Axis Capital’s in-depth understanding of Northern Arc’s business and our expertise & relationships with Private Equity funds, helped us generate multiple offers for the transaction.  We were instrumental in advising the company on the entire process including numerous investor discussions, negotiations, complex transaction structure, due-diligence,documentation & closure.

Axis Capital presented the unique and specialized business architecture of Northern Arc to investors through detailed business understanding and Investment thesis to generate significant investor interest at an early stage of transaction. In a three-banker deal, Only Axis Capital was able to garner multiple offers for the deal and successfully close the said transaction with 100% procurement from the new incoming Investor. Deal experienced several constraints including IL&FS Crisis, liquidity crunch, volatility in public markets, etc., Axis Capital handheld the Company & Investors through these testing times for NBFCs to ensure smooth & timely closure.

Transactions

Rectangle 18378
Rs. 9,100 Mn

Primary Product: 

ECM

Secondary Product:

IPO

Date:

Mar 19
Rectangle 18371
Rs. 7,000 Mn

Primary Product: 

Secondary Product:

Date:

Oct 20
Rectangle 18371 (1)
Rs. 15,000 Mn

Primary Product: 

Secondary Product:

Date:

Dec 2020
Rectangle 18384
Rs. 3,220 Mn

Primary Product: 

Secondary Product:

Date:

Apr 21